土地财政对地方公共物品供给水平的影响——基于中国省级面板数据的分析

The influence of land finance on the provision level of local public goods:an empirical analysis based on provincial-level panel data

利用我国31个省级行政区的面板数据,采用空间计量模型,考察了土地财政收入的增长对各类地方公共物品供给水平的影响。结果显示:地方公共物品的供给水平存在着显著的空间自相关性;土地财政收入的增长显著提高了经济性公共物品的供给水平;土地财政收入的增长并未对投资周期较长的非经济性公共物品的供给水平产生显著影响,却显著提高了投资周期短、资本化速度快的非经济性公共物品的供给水平;土地财政支出存在着结构性扭曲。

Using data for China＇ s 31 provincial - level administrative divisions and spatial econometric models, this essay examines the influences that the increase in revenue from land sales has on the provision level of various local public goods. The research findings show： There is significant spatial autocorrelation in the provision level of local public goods; The increase in revenue from land sales results in a significant rise in the provision level of economic public goods; The increase in revenue from land sales does not have a significant influence on the provision level of non - economic public goods with the characteristics of long investment periods, however, it leads to a significant rise in the provision level of non - economic public goods with the characteristic of short investment periods and fast capitalization. The results indicate that there exists structural distortion in ＂land finance＂ expenditure.